11-12-2020, 07:39 PM | #1 |
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Imagine you're 20 and you have $20k to invest - what do you do?
A lot of smart people here...so I give you this scenario for feedback:
You're 20 (no it's not me) You have managed to work and save $20k which is sitting in savings You have $2500 in QQQ You will graduate from college in 2024 Income between now and graduation is TBD (maybe another couple thousand after expenses) No debt now or upon graduation Next move is...? I've already given my advice so I figure I'll throw the net out and see what others would recommend Last edited by chenry; 11-12-2020 at 09:27 PM.. |
11-12-2020, 08:10 PM | #3 |
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11-12-2020, 08:34 PM | #5 |
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11-12-2020, 08:37 PM | #6 |
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How is college paid for?
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11-12-2020, 09:08 PM | #10 |
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At 20 (long time ago) I was aggressive and it paid off...then. World markets are sketchy. I'll be surprised if 8% over 30 years moves forward.
I day traded, I controlled quite a few companies investments for years. Right now ? I have savings in Vanguard Wellesley Fund. Prior to March, much was in Wellington. (pulls 8% year, and look how it did in 07/08...right) At 20, put it in a medium risk. Time value of money will take care of the rest. |
11-12-2020, 09:11 PM | #11 |
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11-12-2020, 09:12 PM | #12 | |
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11-12-2020, 09:27 PM | #13 | |
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Just looking for opinions with the scenario I shared |
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11-12-2020, 10:21 PM | #17 |
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gents (and a few gals) - I am now going to leave this thread because I can see it getting a bit sideways - thanks to all that have kept on track and responded, I appreciate all of it...(the solid advice most of all but the laughs too).
So with that I bid you adieu (in terms of this thread) |
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11-12-2020, 11:35 PM | #18 |
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I was 19 with a nu 2002 330xi, so young the F'ing dealer wouldn't let me drive a loaner... got a house too and ya my parents helped me buy some furniture (that's it) I started a company, I bought a house all before I was 20 with no financial help from anyone Now I know why I got gray hair by 30?!? Twins, a company, a mortgage all before I legally could drink |
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11-13-2020, 01:10 AM | #19 |
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11-13-2020, 04:11 AM | #20 |
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11-13-2020, 06:34 AM | #21 | |
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11-13-2020, 06:43 AM | #22 |
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How far north? Asking for a friend...
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